Monday, March 18, 2024

Members in the News: March 18, 2024


David Ortega, Michigan State University

  • Consumer Price Increases Inch Higher
    By: New York Times – March 12, 2024
  • Inflation Was Higher Than Expected in February
    By: npr – March 12, 2024

Maria Kalaitzandonakes, University of Illinois at Urbana-Champaign

Food Prices Continue to Go Up. Will Consumers See Relief Anytime Soon?

By: WFLD-TV – March 6, 2024

"The most common ways we have seen people adjusting is by buying cheaper brands, um, cooking more meals at home. You know, switching to less expensive items. So maybe switching away from things like red meat or seafood. When you can't make your food dollar stretch far enough, government support is there for that reason as well.”

Read more on: WFLD-TV

Glynn Tonsor, Kansas State University

Cattle on Feed Report Shows Slight Increase in Feedlot Numbers

By: High Plains Journal – March 10, 2024

“I do think we are still getting signals that nationally the herd is still not expanding. Kansas took a little bit of a dip, but there are no specific insights into why. When looking at the annual size group estimates, the cattle and calves on feed for slaughtering market in the U.S. for feedlots with 1,000 or more capacity represented 82.7% of all cattle and calves on feed in the U.S. on Jan. 1, 2024, which was similar to a year’s ago percentage at 82.6%.”

Read more on: High Plains Journal

Keri Jacobs, University of Missouri

NFU Kicks Off 122nd Anniversary Convention

By: Morning Ag Clips – March 10, 2024

“From March 10 through 12, attendees will hear from a host of speakers to prepare them for the year ahead, including The Honorable Tom Vilsack, U.S. Secretary of Agriculture, Sarah Suggs, President and CEO, Sandra Day O’Connor Institute for American Democracy, as well as a discussion on the future of farmer-owned cooperatives featuring Chuck Conner, President and CEO, National Council of Farmer Cooperatives, Keri Jacobs, Associate Professor of Agricultural and Applied Economics and Partridge Chair in Cooperative Leadership, University of Missouri and Doug O’Brien, President and CEO, National Cooperative Business Association CLUSA International.”

Read more on: Morning Ag Clips

Matthew Holt, Virginia Tech

Purdue’s College of Agriculture Recognizes Six Alumni as ‘Distinguished Ag Alumn

By: Morning Ag Clips - March 11, 2024  

“Since 2017, Matthew Holt has led the Department of Agricultural and Applied Economics at Virginia Tech. He is working hand-in-hand with President Timothy Sands, a former Purdue acting president and provost, on a decade-long project called Virginia Tech Advantage. It seeks to dramatically increase need-based financial aid to students.”

Read more on: Morning Ag Clips

Bart Fischer, Texas A&M University

Texas A&M Experts Work To Explain the Impact of Agriculture in a Busy World

By: KBTX 3 – March 14, 2024

“I think we certainly take for granted in this country. We think... food magically shows up at the grocery store and we go and buy it, and we don’t ever have to worry about what all goes on behind the scenes. If you look at U.S. consumers, we spend less of our disposable income as a share of [our income] than any other place on the planet, and it’s not by accident.”

Read more on: KBTX 3

Joseph Balagtas, Purdue University

Most Consumers Continue To Expect Rising Food Prices

By: Eurasia Review – March 14, 2024

“Over the same 26 months of the survey, the U.S. observed high food inflation that peaked at 11.3% in 2022. Even though food inflation has cooled significantly since then, dropping to 2.6% this month, inflation remains positive.”

Read more on: Eurasia Review or National Hog Farmer

Ryan Cardwell, University of Manitoba

Supply Management Of Meat, Eggs, Dairy Remains a Canadian Sacred Cow

By: Eagle Valley News – March 13, 2024

“On one hand, they talk about food affordability, and (on) the other hand, they have a government-sanctioned cartel in staple foods. So, it’s talk. I don’t give it much credence.”

Read more on: Eagle Valley News or National Observer

Alankrita Goswami, University of Manitoba

Winnipeg Chocolatiers Facing Bitter Taste of Increased Cocoa Costs

By: City News Everywhere – March 15, 2024

“Cocoa futures have been skyrocketing, and weather conditions slowing down the output of the commodity in West Africa, is to blame. The trend will continue, but the market will adjust. Sometimes temporary fluctuations can have a bit of a long-term impact.”

Read more on: City News Everywhere

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